Heckova job, “Zimbabwe Ben” Bernanke, Yellen the Felon, & BlackRock Jay!
‘The median home value to income ratio in the US now stands at a record ~4.5x.
This is 45% above the historical average of ~3.1x with the median home payment now at a record $2,800/mo.
Meanwhile, the median rent price in the US just hit a record $2,050/mo.
Renting a house in the US requires ~35% of the median PRE-TAX household income.
Buying requires ~46% of the median PRE-TAX household income.
Simply having a place to live has never been more expensive.’
The median home value to income ratio in the US now stands at a record ~4.5x.
This is 45% above the historical average of ~3.1x with the median home payment now at a record $2,800/mo.
Meanwhile, the median rent price in the US just hit a record $2,050/mo.
Renting a house in… pic.twitter.com/pUgE5kiHkt
— The Kobeissi Letter (@KobeissiLetter) August 27, 2023
45% of student loan borrowers expect to go delinquent when payments resume on October 1st.
That's not good. pic.twitter.com/YOgF4udx67
— Joe Consorti (@JoeConsorti) August 28, 2023